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Audit
In our firm we respond to the demands of our customers. We have modern methodologies and audit techniques operating in the best interests of your organization.
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Statutory Audit
Audit services of the firm have been designed to support you to meet the challenges involved in managing risks, resources and information.
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External Audit
The external audit service aims to express an independent opinion regarding the fairness of the financia!statements of the companies or certain business areas in which we use previously agreed procedures.
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Managerial and Result External Audit
Our work consists of the execution of the defined procedures to review the accounting information and issue reports and documents.
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Taxes
We work with our clients during all their processes to achieve an excellent statutory clase year, in order to optimize the taxes payment and ease the tax burden.
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Transfer Pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public.
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Legal Services
Our legal advice involves professional lawyers, specialized in different fields.
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Diagnosis and implementation of Full and SME IFRS
Servicio de Diagnóstico e implementación de NIIF plenas y NIIF para las PYMES.
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Training and updating in IFRS
Services of Training and updating in IFRS
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Calculation of accounting estimates under IFRS
Services of Calculation of accounting estimates under IFRS
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Valuation of financial instruments
Services of Valuation of financial instruments
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Advice on specialized topics
Services of Advice on specialized topics
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IFRS advice for public sector entities
Services of IFRS advice for public sector entities
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Preparation of financial statements and disclosures
Services of Preparation of financial statements and disclosures
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Sarbanes-Oxley Service Audit (SOX)
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Audit of Organization
In order to help the service organization and its users to establish a reliable and standard process for the service organization's reports, we offer the following services:
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IT Audit
IT Audit Services help the Organization manage risks and controls related to IT implementation and use to achieve business financial, operational, and regulatory objectives.
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Computer Security
Cybersecurity frames a set of tools, policies, security safeguards, guidelines, risk management methods, actions, training and in summary a series of practices that can be used to protect the organization's assets and users in cyber-environment.
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Performance Tests
Our service focuses on determining the speed at which a task is performed under particular working conditions on a specific information or application system.
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Audit Security Social
As part of Social Security policies and strategies in Colombia, pensions and health are fundamental workers' rights, for which specialized support is required to guarantee access to these rights, in a transparent, equitable and the law.
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BCP Services
We are certified by DRI International as Business Continuity Plans Consultant, CBCP and with training and certification as internal auditor in SGS, ISO 2005: 27001..
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SAP Auditing and Computer Security
We have certified experts in security and auditing SAP in R / 3, CRM, BW. Our approach allows us to perform in SAP
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Corporate Risk Management
This regulatory environment seeks to mitigate the risks and uncertainties of the banking industry, also responding to economic pressures and investor expectations.
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Operational Improvement
Process management, within which operational improvement is framed, can be defined as a way of focusing the work, where the continuous improvement of the activities of an organization is sought through the identification, selection, description, documentation and continuous improvement of the processes. Any activity or sequence of activities that are carried out in the different business units, constitutes a process and as such, must be managed.
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Change Management
Change management is the process, through tools and techniques, to manage the transition to a new reality, trying to make the people involved able and willing to work in the new defined context and achieve the expected results.
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Business Intelligence and Analysis
Business intelligence acts as a strategic factor for an organization, generating a potential competitive advantage, which is none other than providing privileged information to respond to business problems.
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Due diligence
Due Diligence is a term, usually used in the field of business acquisitions, to refer to the process of finding information about an organization.
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Valuations
The valuation of a company is not an exact science and can vary depending on the type of business and the reason.
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Financial accounting
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Tax and legal compliance
The tax authorities constantly keep entrepreneurs and freelancers on alert, with tax issues taking part as a crucial role in almost all business decisions.
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Payroll
Payroll is one of the most challenging responsibilities that a company faces every year. Our service fulfill the client internal policies, understands the corporate strategic planning and focus on the record of the received newness.
Rooms available: how COVID-19 has impacted the hotel industry
13 Sep 2020The COVID-19 pandemic has caused an unprecedented level of disruption to the global hotel industry. A combination of local lockdowns and travel restrictions has resulted in many hotels having to close temporarily or operate at a fraction of their available capacity. As the crisis continues to evolve, it is still unclear what shape the industry will emerge in.
The hotel industry is used to dealing with disruption, but never on this scale. While previously only localised events like hurricanes could result in long-term closures, 2020 has seen a widespread drop-off in customers looking to stay in hotels. What makes this crisis so unique is how indiscriminate it is – every hotel business and every corner of the globe has been affected in some way. At the end of July occupancy rates are 60% in China, 48% in the US and 32% in Italy. And with concerns in Europe about new spikes and second waves, it is clear the crisis is far from over. So, what are the specific challenges the hotel industry is dealing with?
Liquidity
The immediate impact has been a steep drop in revenue as business travellers and tourists live in lockdown or utilise video conferencing to meet clients. Adding to the problem is all of the uncertainty regarding the current situation. Hotel operators cannot currently say with confidence when travel restrictions will be lifted, and whether consumers will remain cautious for a period after. Also, social distancing may require hotels to offer fewer rooms for the foreseeable future. Recent research shows that with 10-foot-diameter spacing between tables, restaurants may only be able to generate 19% of the revenue they were pre-COVID.
Employment
Many operators have been able to reduce their labour costs by reducing hours or using government support options. This could create issues, however, as hotels begin to get more business. Is it likely that staff are going to be able to work reduced hours for a prolonged period of time? With fewer staff, there may also be more room for errors, oversights and below-standard service as remaining workers are stretched thin.
Debt and restructuring
Large numbers of hotel operators are looking to restructure their debts, which could create opportunities for private equity owners with large cash reserves. Being able to restructure requires being able to show that a hotel remains a viable business and is likely to continue running once travel and lockdown restrictions are lifted. There is also a range of government measures across the world aimed at providing assistance to struggling sectors, but it is unclear how long these will be available.
Preparing for life in the new normal
The pandemic may lead to a speeding up of the introduction of digital and remote services like mobile check-ins, and contribute to a shift in customer experience across the industry. What is clear though, is that it will be some time before the hotel industry returns to the way it was able to operate a year ago.
The hotel industry faces some stark choices in the coming months, as we all begin to navigate our way towards recovery. We can help you protect and restore value in your business, so that you are best placed to operate in the new normal.
Get in touch with one of our hotel industry experts in your local area.